Seagate Technology PLC Profit Falls 74% In Q2

(RTTNews) - Seagate Technology PLC (STX) announced earnings for second quarter that decreased from last year.

The company said its earnings totaled $246 million, or $0.82 per share. This was down from $933 million, or $2.78 per share, in last year's second quarter.

The company said revenue for the quarter fell 19.2% to $2.99 billion. This was down from $3.70 billion last year.

Seagate Technology PLC earnings at a glance:

-Earnings (Q2): $246 Mln. vs. $933 Mln. last year. -Earnings Decline (Y-o-Y): -73.6% -EPS (Q2): $0.82 vs. $2.78 last year. -EPS Decline (Y-o-Y): -70.5% -Revenue (Q2): $2.99 Bln vs. $3.70 Bln last year. -Revenue Change (Y-o-Y): -19.2%